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The Latest Breaking News from Economy

Bosnia election expected to re-legitimize a failing system

Bosnia’s general election should be about fighting rampant corruption and the country’s ailing economy

The Independent UK

UK economy grows slightly in second quarter

It means the UK might not currently be in recession, as was predicted by the Bank of England earlier this month.

Evening Standard

How Kwasi Kwarteng’s budget damaged the economy and what will happen now

Policy Correspondent Jon Stone unpacks how unfunded tax cuts pulled the rug out from under the UK economy

The Independent UK

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Scots Tory secretary claims Liz Truss's tax cuts are 'small' as he takes swipe at the BBC

Since the Chancellor's mini budget on Friday the economy has tanked due to the unfunded tax cuts which run into the tens of billions.

Daily Record

Ramesh Ponnuru: The moral case for higher interest rates

Federal Reserve Chair Jerome Powell’s efforts to cool down the economy are causing progressive criticism to heat up. He has been accused of wanting a “brutal” recession, trying to “throw millions of Americans out of work” and using “dangerous” rhetoric. And those are the comments of just one senator, Elizabeth…

Tribune News Service

Economy still in recovery in August on tourism rebound

Thailand’s economy was still on a path to recovery in August on rebounding tourism and domestic demand, which would continue to support economic activity, the Bank of Thailand (BoT) said on Friday.

Bangkok Post

The week that was for Prime Minister Liz Truss and the UK economy

The UK's economy is in dire straits just three weeks after Prime Minister Liz Truss took up the top job. But it was last Friday's so-called "mini-budget" which has led to a mega drama.

ABC News

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UK economy grows slightly after predicted decline

It grew 0.2% in three months to June 2022

Wales Online

Productivity Improvement Measures – Focusing on Digital

The Productivity Challenge

Bangkok Post

'Big impact': UK economic chaos, pound plunge hit businesses

The British government’s economic stimulus plan is designed to help people and businesses by cutting taxes and growing the economy

The Independent UK

FTSE 100 Live: Pound tanks after Kwarteng meets with OBR

The pound fell 1.5% against the dollar to $1.10 after Liz Truss and Kwasi Kwarteng met with the head of the UK’s Budget watchdog, Richard Hughes.

Evening Standard

Pound falls after UK’s fiscal watchdog meets Liz Truss and Kwasi Kwarteng – as it happened

Pound trading 0.4% lower at $1.1066 following OBR meeting with UK PM and chancellor; economy grew in second quarter but ‘continues to slow’

The Guardian - UK

Lebanon's dwindling rain leaves farmers struggling for water

Lebanon is the most water-rich country in the Middle East, but its farming communities are struggling to keep their soil from drying

The Independent UK

UK economy did not shrink in Q2 as previously thought

But UK has also recovered less from Covid-19 pandemic than earlier estimates suggested

The Independent UK

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Evening Standard

Liz Truss and Kwasi Kwarteng promise to work ‘closely’ with OBR after meeting amid market turmoil

The Prime Minister and Chancellor will “work closely” with the Office for Budget Responsibility in the coming weeks, the Treasury said

The Hindu

Air India halves discount on basic fares for senior citizens, students

Air India earlier was offering 50% discount on select booking classes in economy cabins of its aircraft to these two categories of travellers

ABC News

Return of the Deni Ute Muster to drive millions of dollars into local economy

Several world record attempts are on the bill this year, including a tilt at the muster's own record of the most utes in one place and a new attempt for the biggest bogan bingo.

Wales Online

Fewer jobs advertised as employers ‘worry about economy’

Figure currently at 1.45 million adverts

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Al Jazeera

South Korea’s factory output falls in warning for global economy

Asia’s fourth-largest economy sees industrial output shrink a worse-than-expected 1.8 percent in August.

Bangkok Post

Spartan race puts Phuket in limelight

Phuket will host the Spartan Apac Championship 2022 in November, a gruelling series of races that is expected to attract 5,000 runners and generate 1 billion baht for the local economy.

Los Angeles Times

Afghanistan's money is crumbling to pieces, just like its economy

KABUL, Afghanistan — Remember cash? These days, when a wave of a phone or credit card gets you a cup of coffee or more, it's easy to forget what actual bills look like — and the abuse they receive in an average five-year life span.

Newcastle Herald

Hunter's hydrogen window won't last

Regions like the Hunter have no time to lose if they are to realise their competitive advantage in the emerging hydrogen economy, the head of hydrogen at global management consultancy McKinsey has cautioned.

Bangkok Post

DES Ministry demand disrupts satellite orbital slot auction

The second attempt by the telecom regulator to hold a satellite orbital slot auction looks set to face a major hurdle as the Digital Economy and Society (DES) Ministry demands reservation of some satellite capacity from the winning bidders for state use without charges.

Evening Standard

Kwasi Kwarteng appeals for Tory unity as poll gives Labour 33-point lead

Worries among Tory MPs that the fallout from the mini-Budget could hurt them at the ballot box were dramatically underlined by the YouGov poll

Chronicle Live

Liz Truss and Kwasi Kwarteng double down on mini-budget as Chancellor visits Darlington

Liz Truss and Kwasi Kwarteng have insisted their £45bn package of tax cuts is the "right plan" despite chaos on financial markets, and fears of rocketing mortgage bills

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